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Why is Clearmind Medicine Inc (CMND) Stock down?

We've noticed a 5.43% decline in Clearmind Medicine Inc (CMND) stock during the 2024-05-17 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
12 Dec, 2023:

Shares of Clearmind Medicine Inc (CMND) dropped by 12.50% from $3.04 to $2.66 in the trading on Tuesday, December 12, 2023. The reason why CMND down today is due to a recent SEC filing made by the company after market hours on Monday. In the filing, Clearmind Medicine disclosed its intention to raise capital by offering and selling common shares, subscription rights, warrants, and units. The fundraising effort aims to generate $50 million in capital for the company.

$83.85
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